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To: Henry J Costanzo who wrote (156002)11/19/2007 2:34:53 PM
From: bcrafty  Respond to of 209892
 
mc - speaking of indices I see five waves down possibly completed from the SPX 10/11 high to today's 1430 low. If so, a weekly close around 1435 or so would put it in the neighborhood of the weekly 70 sma support level I've mentioned before.

stockcharts.com

Hope you have an enjoyable Thanksgiving, whether it's with a Butterball turkey or Wild Turkey ;~}



To: Henry J Costanzo who wrote (156002)11/19/2007 2:44:46 PM
From: jjstingray  Read Replies (1) | Respond to of 209892
 
Well my RIMM is now firmly above the 50 day. Now I need to determine if this is just corrective or if it has a shot at new highs.